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CommSec appoints executive general manager

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The Commonwealth Bank of Australia has announced the appointment of Paul Rayson as executive general manager, CommSec, effective 10 February 2014.

He will report to Grahame Petersen, group executive, business and private banking.

Mr Rayson was appointed executive general manager of CommInsure in 2009 and during his tenure was the architect of several strategic initiatives, including producing a significant turnaround in customer service and people engagement, driving significant growth in meeting more CBA customers’ needs, and improving profitability in traditional third party businesses.

Prior to his role at CommInsure, Paul was chief financial officer at CBA’s Wealth Management division from 2006 to 2009 responsible for the financial management of Colonial First State, Colonial First State Global Asset Management and the Insurance businesses. 

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Prior to 2006, Paul was chief financial officer and head of strategy at CBA’s retail bank. He joined CBA following its acquisition of the Colonial Group in 2000. 

Paul is a Fellow of the Institute of Chartered Accountants.